Freescale Semiconductor, Inc. (“Freescale”), a wholly owned subsidiary
of Freescale Semiconductor, Ltd. (NYSE:FSL), announced today that
Freescale has been advised by the lead arranger under its proposed new
senior secured term loan facility that the arrangers have received
sufficient orders to allocate and close the proposed new term loan
facility. The proposed new term loan facility reduces indebtedness
currently due in 2016 and extends to 2020 the maturities of our
indebtedness currently due in 2019 and a portion of our indebtedness
currently due in 2016. The proposed new term loan facility provides for
two term loan tranches in an aggregate principal amount of approximately
$2,741,000,000, consisting of a $350,000,000 term loan that will mature
in December 2016 and a $2,391,000,000 term loan that will mature in
March 2020. The maturity of the 2020 term loan may be accelerated to
December 2017 under specified circumstances. The $350,000,000 term loan
is expected to bear interest at a rate equal to LIBOR plus 3.25% (with
LIBOR of not less than 1.00%), and the $2,391,000,000 term loan is
expected to bear interest at a rate equal to LIBOR plus 3.75% (with
LIBOR of not less than 1.25%). The closing of the proposed new term loan
facility, which is expected to occur on March 1, 2013, is subject to
customary conditions, and there can be no assurance that Freescale will
be successful in obtaining the proposed new term loan facility on
reasonably acceptable terms, or at all.

Cautionary Note Regarding Forward Looking Statements

This press release includes forward-looking statements within the
meaning of the Private Securities Litigation Reform Act of 1995 relating
to the proposed new term loan facility. Although we believe the
assumptions upon which these forward-looking statements are based are
reasonable, any of these assumptions could prove to be inaccurate and
the forward-looking statements based on these assumptions could be
incorrect. The closing of the proposed new term loan facility is subject
to customary conditions and involves risks and uncertainties, many of
which are outside our control, and any one of which, or a combination of
which, could materially affect our ability to enter into the term loan
facility described above. Some of these risks and uncertainties include
general economic, political and business conditions, uncertainty in the
credit markets, unwillingness of lenders to fund commitments associated
with the new term loan facility as well as other matters described under
"Risk Factors" in our Annual Report on Form 10-K and other filings with
the SEC. We undertake no obligation to update any information contained
in this press release.

About Freescale Semiconductor

Freescale Semiconductor (NYSE:FSL) is a global leader in embedded
processing solutions, providing industry leading products that are
advancing the automotive, consumer, industrial and networking markets.
From microprocessors and microcontrollers to sensors, analog integrated
circuits and connectivity – our technologies are the foundation for the
innovations that make our world greener, safer, healthier and more
connected. Some of our key applications and end-markets include
automotive safety, hybrid and all-electric vehicles, next generation
wireless infrastructure, smart energy management, portable medical
devices, consumer appliances and smart mobile devices. The company is
based in Austin, Texas, and has design, research and development,
manufacturing and sales operations around the world. www.freescale.com

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